Month: June 2022

Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle

Memory-chip firm Micron Technology announced a significantly weaker than expected business outlook on Thursday, raising concern that following nearly two years of strong demand, the industry was turning towards a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 …

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Cryptocurrency Asset Firm Grayscale Sues SEC for Blocking Bitcoin ETF

A firm billing itself as the world’s largest cryptocurrency asset manager has filed a legal challenge against US securities regulators after they denied an application to list a Bitcoin-focused fund on the stock exchange. Grayscale filed a petition with a federal appeals court on Wednesday, after the Securities and Exchange Commission (SEC) said the proposed …

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Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Crash ‘Weeded’ Out Bad Apples – Bitcoin News

This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash “‘weeded’ out all of the people” that were not supposed to be in the space in the first …

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Binance Onboards TikTok, Instagram Influencer Khaby to Bust Web3 Myths in Signature Style

Binance has roped-in TikTok star Khaby Lame to create awareness around cryptocurrencies and Web3 via social media. Lame, 22, is a Senegalese social media celebrity based in Italy. With over 78 million followers on Instagram and over 145 million fans on TikTok, Khaby is one of the most followed social media influencers in the world. …

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Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC – Bitcoin News

Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable, and building the …

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Vivo Y01A Spotted on BIS Certification Website; Expected to Launch in India Soon: Report

Vivo Y01A has been spotted on the Bureau of Indian Standards (BIS) certification website, as per a report. The smartphone is said to launch in India soon. Although, the BIS India listing did not reveal any specifications of the smartphone, it has been tipped to feature a 6.51-inch display with plastic back. The smartphone is …

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Crypto Hedge Fund Three Arrows Capital Reportedly Enter Liquidation on British Virgin Islands Court’s Order

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry. Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for …

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